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The pandemic and containment measures will have serious consequences for the economy
29-04-2020 | STATEC

The economic crisis which is hitting all European countries at high speed has not yet been reflected in traditional statistics, considerably reducing visibility and hampering the management of emergency action. In an uncertain environment, developing macroeconomic projections is very difficult. STATEC has therefore developed two scenarios, each based on a different course of the health crisis: the first is serious, the second very serious. In both cases, the wounds inflicted on the economic and social fabric this year would be deep. STATEC expects this year, in Luxembourg, to decrease activity, according to the two scenarios, by 6 or even 12%.